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The differences between vice presidents, business development and business development sales managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a vice president, business development, becoming a business development sales manager takes usually requires 6-8 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $111,309 average annual salary of a business development sales manager.
The top three skills for a vice president, business development include healthcare, business strategy and revenue growth. The most important skills for a business development sales manager are business development, customer service, and CRM.
| Vice President, Business Development | Business Development Sales Manager | |
| Yearly salary | $165,159 | $111,309 |
| Hourly rate | $79.40 | $53.51 |
| Growth rate | 6% | 5% |
| Number of jobs | 188,137 | 181,115 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.
A business development sales manager is in charge of securing sales by reaching out to clients through calls, correspondence, or appointments. Their responsibilities often revolve around performing research and analysis to identify new leads and sales opportunities, offering different products and services, and creating proposals and price quotes for potential clients. A business development sales manager may also tailor payment plans, process billing, participate in various marketing initiatives, and produce progress reports. Furthermore, it is essential to ensure customer satisfaction and build positive relationships to strengthen the company's client base.
Vice presidents, business development and business development sales managers have different pay scales, as shown below.
| Vice President, Business Development | Business Development Sales Manager | |
| Average salary | $165,159 | $111,309 |
| Salary range | Between $104,000 And $262,000 | Between $68,000 And $179,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Pennsylvania |
| Best paying company | Fanatics | Avient |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a vice president, business development and a business development sales manager in terms of educational background:
| Vice President, Business Development | Business Development Sales Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between vice presidents, business development' and business development sales managers' demographics:
| Vice President, Business Development | Business Development Sales Manager | |
| Average age | 52 | 46 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 74.3% Female, 25.7% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 7% |